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Delek Logistics Partners Launches Tender Offer, Plans $800 Million Senior Notes Offering

BY MT Newswires | CORPORATE | 10:14 AM EDT

10:14 AM EDT, 05/04/2026 (MT Newswires) -- Delek Logistics Partners LP (DKL) said Monday it launched a tender offer for its 7.125% senior notes due 2028 and plans to issue $800 million of senior notes due 2034 to fund the transaction and refinance debt.

The company said it is offering to purchase any and all of the 2028 notes at $1,001.35 per $1,000 principal amount, plus accrued and unpaid interest. The offer is set to expire May 11, with settlement expected May 14, according to Delek.

Delek said the tender offer depends on completing the proposed debt issuance and receiving sufficient proceeds.

The company said it intends to use proceeds from the new notes to repurchase all outstanding 2028 notes in the tender offer or redeem any that remain outstanding afterward, redeem a portion of its 8.625% notes due 2029, and cover related premiums, fees, and expenses, with any remaining funds for general corporate purposes.

Price: 52.58, Change: -0.24, Percent Change: -0.46

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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